Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Three Adjacent Lakefront Lots Title is generated by Realmo AI

    Bayside Dr, Frankston, TX 75763

    View on Map
    Claim this Listing
    For Sale
    $105,000

    LAND - Frankston, TX

    Lot size:
    0.47 Acres
    Added:
    May 14, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for Bayside Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Partial
    Standard status
    Active
    Lot size
    0.47 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Karen Mason Bass
    Karen Mason Bass

    Listing agent Karen Mason Bass License #0569090

    Listing office Realty One Group Rose 1042 Asher Way, Ste 200, Tyler, TX

    Listing date May 14, 2026

    MLS# 26005349 Listing URL

    Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three adjoining lots on the southernmost point of Lake Palestine
    • Well water provided
    • Partial fencing on the property
    • Direct access to Lake Palestine for boating, fishing, and year‑round recreation

    Overview

    This offering consists of three adjoining waterfront land lots positioned at the southernmost point of Lake Palestine. The parcels are contiguous, giving an owner flexibility to combine space for a single home site or keep the individual lots for separate plans. With a lakefront setting and direct access, the property provides a foundation for a custom lakeside build and private retreat.

    The land is located on Bayside Dr in Frankston, Texas, in Henderson County. Prospective buyers should note the lakefront orientation and the opportunity to develop with direct access to Lake Palestine from the property.

    For buyers, the key advantage here is scale and configuration: three adjacent lots can support a more expansive home site than a single parcel, while still preserving optionality if you choose a multi-lot approach. The location suits an owner who wants to build around lakefront views and direct access, whether for a weekend retreat or a full-time residence. Prospective investors and developers should verify site-specific development requirements during due diligence, including how the lots will be used together for the intended layout.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Frankston
    County
    Anderson
    State
    Texas
    Longitude
    -95.443674
    Latitude
    32.092484

    Nearby Similar for Sale

    • $490,000

      Fully Leased Retail Storage Building

      Stable, single-tenant investment with strong highway visibility and covered customer and loading areas.
      7823 State Highway 155, Frankston, TX 75763
      View Details
    • $350,000

      Two-Building Metal Flex Warehouse

      Two-building metal flex facility with clear-span space, highway frontage, and utilities for welding and compressors.
      1585 N Frankston Highway, Frankston, TX 75763
      View Details
    • $135,000

      Aviation Community Runway Lot

      For-sale aviation property featuring a maintained grass runway and shared lakefront amenities for pilots and guests.
      Loop Dr, Frankston, TX 75763
      View Details
    • $2,000,000

      Waterfront Recreational Land Acreage

      Wooded lakeside acreage with mature timber, a spring-fed creek, and private, elevated home sites near town.
      FM-3506, Frankston, TX 75763
      View Details
    • $490,000
      11,617 SF

      Frankston Investment Property on Highway

      Leased commercial building on Highway 155 near Tyler, TX.
      7823 ST HWY 155, Frankston, TX 75763
      View Details
    • $399,000

      Waterfront Buildable Lot

      Build on bulk-headed Lake Palestine shoreline in a quiet restricted subdivision with utilities at the road and private boat ramp.
      22451 Cherry Lane, Frankston, TX 75763
      View Details
    • $995,000

      Private Waterfront Land Parcel

      Wooded acreage on Lake Palestine with a spring-fed creek and waterfront views for a private home site or recreation getaway.
      FM-3506, Frankston, TX 75763
      View Details
    • $918,979

      Timberland Tract with Homesite Potential

      Densely wooded timberland with frontage along CR 4221, offering rolling terrain suited for development near Lake Palestine and Tyler.
      Tract 8 County Road 4221, Frankston, TX 75763
      View Details
    • $1,545,500

      Recreation Land with Spring-Fed Lake

      Wooded acreage with a spring-fed lake, hilltop sites, and direct access for fishing, hunting, and outdoor recreation.
      An County Road 314, Frankston, TX 75763
      View Details
    • $722,750

      Recreational Land with Open Pasture

      Cleared pad site, mixed timber, open pasture, and a spring-fed lake create a flexible setting for homesteads and outdoor recreation.
      County Road 305, Frankston, TX 75763
      View Details
    • $600,000

      Timber Investment Tract

      Country retreat land used for timber production with county road access and investment potential near Lake Palestine.
      Tract 21 County Road 4224, Frankston, TX 75763
      View Details
    • $939,236

      Wooded Land Tract with Development Potential

      Large wooded tract with frontage along two county roads, suited for homesite development and long-term value strategies.
      Tract 7 County Road 4221, Frankston, TX 75763
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Three adjoining lakefront lots with direct lake access and water views, offering room to plan a custom build.
    Where is this waterfront land located?
    The property is located at Bayside Dr Frankston, TX.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Three adjoining lots on the southernmost point of Lake Palestine; Well water provided; Partial fencing on the property
    (903) 630-3148
    We can help!
    Listing Contact
    Karen Mason Bass
    Karen Mason Bass
    Real Estate License ID: 0569090
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Bayside Dr, Frankston, TX 75763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!